National Energy Services Reunited (NASDAQ:NESR) Director Sells $141,078.78 in Stock

National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais sold 5,526 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $25.53, for a total transaction of $141,078.78. Following the sale, the director directly owned 3,550,442 shares in the company, valued at $90,642,784.26. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Yousif Mohammed Ali Al-Nowais also recently made the following trade(s):

• On Tuesday, June 9th, Yousif Mohammed Ali Al-Nowais sold 200 shares of National Energy Services Reunited stock. The stock was sold at an average price of $25.55, for a total transaction of $5,110.00.
• On Tuesday, May 26th, Yousif Mohammed Ali Al-Nowais sold 457,391 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.12, for a total transaction of $11,947,052.92.
• On Friday, May 22nd, Yousif Mohammed Ali Al-Nowais sold 242,497 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.14, for a total transaction of $6,338,871.58.
• On Wednesday, May 20th, Yousif Mohammed Ali Al-Nowais sold 573,544 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.14, for a total transaction of $14,992,440.16.
• On Tuesday, May 19th, Yousif Mohammed Ali Al-Nowais sold 3,500 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.13, for a total transaction of $91,455.00.
• On Monday, May 18th, Yousif Mohammed Ali Al-Nowais sold 220,568 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.06, for a total transaction of $5,748,002.08.
• On Thursday, May 14th, Yousif Mohammed Ali Al-Nowais sold 81,302 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.35, for a total transaction of $2,142,307.70.
• On Wednesday, May 13th, Yousif Mohammed Ali Al-Nowais sold 223,626 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.85, for a total transaction of $6,004,358.10.

National Energy Services Reunited Price Performance

Shares of NASDAQ:NESR opened at $26.50 on Friday. The company’s fifty day moving average price is $24.47 and its 200-day moving average price is $20.85. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 0.32 and a beta of 0.35. National Energy Services Reunited has a one year low of $5.66 and a one year high of $27.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.04 and a quick ratio of 0.90.

National Energy Services Reunited (NASDAQ:NESR) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $404.59 million for the quarter, compared to analyst estimates of $370.87 million. National Energy Services Reunited had a net margin of 4.53% and a return on equity of 9.77%. The company’s revenue was up 33.5% compared to the same quarter last year. On average, equities research analysts anticipate that National Energy Services Reunited will post 1.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National Energy Services Reunited

A number of institutional investors have recently made changes to their positions in NESR. Millennium Management LLC boosted its stake in shares of National Energy Services Reunited by 38.2% in the 1st quarter. Millennium Management LLC now owns 542,135 shares of the company’s stock valued at $3,990,000 after purchasing an additional 149,796 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of National Energy Services Reunited in the 1st quarter valued at $1,425,000. Acadian Asset Management LLC purchased a new stake in shares of National Energy Services Reunited in the 1st quarter valued at $48,000. Geode Capital Management LLC boosted its stake in shares of National Energy Services Reunited by 2,227.2% in the 2nd quarter. Geode Capital Management LLC now owns 815,209 shares of the company’s stock valued at $4,908,000 after purchasing an additional 780,180 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of National Energy Services Reunited in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 15.55% of the company’s stock.

Analysts Set New Price Targets

NESR has been the topic of a number of research analyst reports. UBS Group increased their price target on shares of National Energy Services Reunited from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings raised shares of National Energy Services Reunited from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Barclays increased their price target on shares of National Energy Services Reunited from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Piper Sandler increased their price target on shares of National Energy Services Reunited from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Finally, BTIG Research increased their price target on shares of National Energy Services Reunited from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $28.86.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp (NASDAQ: NESR) is a publicly traded oilfield services company formed in 2021 through a business combination that brought together complementary drilling and production service providers. The company’s mission is to deliver integrated solutions across the upstream oil and gas value chain, combining regional expertise with global operational standards.

NESR’s service portfolio spans drilling, completion and production, offering products and capabilities such as cementing, coiled tubing, hydraulic fracturing, well stimulation, pumping services and intervention solutions.